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IMF shuns consent call of Argentina missing inflation goal

  Bloomberg Argentina’s inflation will slow to the very top of its target range by year-end, the International Monetary Fund forecast, showing more optimism than most economists. Inflation will slow to the 25 percent ceiling of Argentina’s target range by year-end, the IMF said in its published World Economic Outlook. That is lower than all estimates from economists surveyed by ...

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Emaar receives bids for AED500mn Dubai tower

  Bloomberg Local developer Emaar Properties has received bids from contractors for the estimated AED500m ($136m) contract to build its Opera Grand Residential Tower in Dubai. The project involves the construction of a 65-70 storey tower a four level basement, ground floor and podium with townhouses, and 56 residential floors with seven levels for services. The total development will have ...

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Blackstone’s Jon Gray confident Anbang will complete hotel deal

  Bloomberg Anbang Insurance Group Co., the Chinese insurer that backed out of a takeover bid for Starwood Hotels & Resorts Worldwide Inc., is on track to complete its $6.5 billion purchase of another U.S. hotel company from Blackstone Group LP, said Jon Gray, Blackstone’s global head of real estate. Anbang is under contract to buy Strategic Hotels & Resorts ...

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